The separation of powers is endogenous to the politico-economic process, and thus to politicians’ self-interest. Only little is known about what really drives politicians’ behavior when shaping institutional rules with respect to the separation of powers. We econometrically compare votes of...

Formula 1 drivers are fast if they have a good car, but the value of a good driver alone is not clear. This paper evaluates the performance of drivers and cars independently in an econometric model over the last 56 years of Formula 1 racing. The model includes controls for weather, drivers...

We investigate the robustness of 31 community specific explanatory variables for house prices in the Swiss metropolitan area of Zurich using Bayesian Model Averaging. The main variables which capitalize with a high posterior probability are location specific characteristics, municipal taxes and...

We analyze a constitutional change in the German State of Bavaria where citizens, not politicians, granted themselves more say in politics at the local level through a constitutional initiative at the state level. This institutional setting allows us to focus on revealed preferences for direct...